Segall Bryant & Hamill LLC Trims Stock Position in JFrog Ltd. (NASDAQ:FROG)

Segall Bryant & Hamill LLC decreased its holdings in JFrog Ltd. (NASDAQ:FROG) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 199,462 shares of the company’s stock after selling 2,683 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in JFrog were worth $5,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares during the period. KBC Group NV raised its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department purchased a new position in JFrog during the fourth quarter valued at $131,000. SG Americas Securities LLC bought a new stake in JFrog during the fourth quarter valued at about $193,000. Finally, Park Avenue Securities LLC purchased a new stake in JFrog in the fourth quarter worth about $204,000. 85.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FROG shares. KeyCorp reaffirmed an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Morgan Stanley upped their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC upped their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.06.

Insiders Place Their Bets

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the transaction, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the sale, the director now directly owns 4,374,432 shares in the company, valued at $146,455,983.36. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock valued at $15,514,264 in the last three months. Corporate insiders own 15.70% of the company’s stock.

JFrog Price Performance

NASDAQ FROG opened at $33.60 on Thursday. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.94. The business has a 50 day simple moving average of $35.63 and a two-hundred day simple moving average of $32.05. The stock has a market capitalization of $3.42 billion, a PE ratio of -53.33 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.